i pulled my equifax credit file (minus my score, i'll check that out this week though)....i'm confused and need a little clarity. i'm in a rehabilitation program....my 9th month is in May, i'm trying to figure out upon completing my rehabilitation what drops off, what stays, what's reported and why do i have the 2 entries from Direct Loans and DOE for diff amounts no less. I drew the conclusion because my loans are Stafford Loans....that Direct Loans was the originator of the loans and when i went into default, DOE is collecting on them (because they are gov't loans) (Van Ru is collecting on behalf). I want to make sure i'm understanding what's on my report and the changes that will occur. This is like reading chinese to me

on my report i have two entries from Direct Loans as follows:

account number:(i'm omitting)
balance due: $0
amount past due: $0
current status: collection account
account owner: individual account
high credit: $49,343 (close to what NSLDS reports as outstanding principal)
type of account: installment
term duration: 157 months
scheduled payment amount: $294
date of last activity: n/a
months reviewed: 14
charge off amount: $0
credit limit: $0
type of loan: education loan
comments: collection account

account number:(i'm omitting)
balance: $0
amount past due: $0
current status: collection account
account owner: individual account
high credit: $14,859 (is this the collection charges tacked on)
type of account: installment
term duration: 172 months
scheduled payment amount: $79
date of last activity: n/a
months reviewed: 18
charge off amount: $0
credit limit: $0
type of loan: education loan
comments: collection account

and i have 2 entries from US Department of Education

account number:(i'm omitting)
balance: $23418 (i'm thinking this is the direct consolidated unsubsidized loan amt.)
amount past due: $23418
current status: collection account
account owner: individual account
high credit: $22,926
type of account: installment
term duration: 36 months
scheduled payment amount: $23418
date of last payment: 2/2007
actual payment amount: $0
date of last activity: n/a
months reviewed: 2
charge off amount: $0
credit limit: $0
type of loan: education loan
comments: collection account

account number:(i'm omitting)
balance: $26973 (i'm thinking this is the direct consolidated subsidized loan amt.)
amount past due: $26973
current status: collection account
account owner: individual account
high credit: $26406
type of account: installment
term duration: 36 months
scheduled payment amount: $26973
date of last payment: 2/2007
actual payment amount: $0
date of last activity: n/a
charge off amount: $0
months reviewed: 13
credit limit: $0
type of loan: education loan
comments: collection account

total: 50,391

i went to the NSLDS site and pulled up my aid summary and this is what's on it.

1. direct consolidated unsubsidized
loan amount: $22937
loan date: 9/20/2004
disbursed amount: $22926
canceled amount: $0
outstanding principal: $22926
outstanding interest: $642

2. direct consolidated subsidized
loan amount: $26,406
loan date: 9/20/04
disbursed amount: $26406
canceled amount: $0
outstanding principal: $ 26406
outstanding interest: $739

total: 50,722 (principal + interest) pretty close to what's reported on my report under DOE total

i have other loans listed on here, but i consolidated my loans back in 2004 so they just show in the loan amount column and the disbursed amount, but $0 shows up in the canceled amount, outstanding principal and outstanding interest.

yes, you will find that the original creditor...or Direct Loans in this case will report as well as the collection agency they gave your account too. the listings that have $0 balance...that would be the original loan and the listings that have a balance should be the collection accounts. you could try disputing things, see if anything falls off but i don't know about striking a deal for account deletion with an agency that has your student loan account...prol wouldn't happen

anyone else have a sl go into collections? luckily i've stayed on top of mine..phew.